Value Partners Investments Inc. Grows Position in SAP SE $SAP

Value Partners Investments Inc. increased its position in shares of SAP SE (NYSE:SAP) by 1.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,088 shares of the software maker’s stock after purchasing an additional 560 shares during the period. SAP makes up 1.0% of Value Partners Investments Inc.’s portfolio, making the stock its 21st largest holding. Value Partners Investments Inc.’s holdings in SAP were worth $12,191,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bain Capital Public Equity Management II LLC bought a new stake in SAP during the 1st quarter valued at about $13,869,000. Deutsche Bank AG lifted its holdings in SAP by 41.3% during the 4th quarter. Deutsche Bank AG now owns 4,773 shares of the software maker’s stock valued at $1,175,000 after buying an additional 1,396 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in SAP during the 1st quarter valued at about $1,580,000. BNP Paribas Financial Markets lifted its holdings in SAP by 2.6% during the 1st quarter. BNP Paribas Financial Markets now owns 366,871 shares of the software maker’s stock valued at $98,483,000 after buying an additional 9,411 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in SAP during the 1st quarter valued at about $790,000.

SAP Trading Down 0.4%

NYSE:SAP opened at $257.10 on Friday. The firm has a 50-day simple moving average of $284.11 and a 200-day simple moving average of $283.06. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03. SAP SE has a one year low of $217.51 and a one year high of $313.28. The firm has a market cap of $315.85 billion, a P/E ratio of 42.57, a P/E/G ratio of 3.70 and a beta of 1.29.

SAP (NYSE:SAP) last issued its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.07. SAP had a net margin of 18.26% and a return on equity of 14.84%. The firm had revenue of $10.58 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the previous year, the firm earned $1.10 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. Equities analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

Analysts Set New Price Targets

SAP has been the subject of a number of research analyst reports. JMP Securities lifted their price objective on shares of SAP from $330.00 to $375.00 and gave the company a “market outperform” rating in a report on Wednesday, July 23rd. BMO Capital Markets lifted their price objective on shares of SAP from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, May 23rd. Wall Street Zen upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Saturday. Barclays restated an “overweight” rating and issued a $322.00 price target (up previously from $308.00) on shares of SAP in a report on Friday, July 25th. Finally, UBS Group upgraded shares of SAP to a “strong-buy” rating in a report on Friday, May 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, SAP presently has a consensus rating of “Buy” and an average price target of $281.67.

SAP Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.